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Latest Stamp Duty and Registration Charge

Posted: July 23rd, 2012, 10:20 am
by msn1270
Hi

Can someone give me the current Stamp Duty and Registration charges for Karnataka which is effective from 1st April 2012.

While searching online, I got two different values. Few websites says it is 5.6% + 1 %, of the Sale Deed Value.
Whereas, few other sites says 5% + 1 %.

Re: Latest Stamp Duty and Registration Charge

Posted: July 23rd, 2012, 1:29 pm
by niarhab
MSN

Its 5% + 1%. Karnataka government has given a discount of 1% last year.

Re: Latest Stamp Duty and Registration Charge

Posted: July 23rd, 2012, 4:25 pm
by rkrishna
It was 5.6% + 1 % a few months back.

Re: Latest Stamp Duty and Registration Charge

Posted: July 24th, 2012, 10:52 am
by nagsbhat
It is 5.6% + 1%.
Also from October there will be 1% TDS has to be deposited by the buyer and the sale value should be adjusted accordingly. It will be sellers responsibility to claim the tax back based on actual usage of the sale consideration.

Re: Latest Stamp Duty and Registration Charge

Posted: July 24th, 2012, 12:33 pm
by Ravi h.g.